Leading telecoms operator in the country, MTN Nigeria has revealed that its paid 45.92 per cent of its total revenue in 2021 as taxes into government coffers.
In the year, the amount MTN paid in taxes to all government agencies, including the Federal Inland Revenue Service (FIRS), amounted to N757.6 billion.
For MTN Nigeria, the cumulative taxes paid in the year amounted to 45.9% of its total revenue of N1.65 trillion declared in the same year.
While the revenue agency collected a total of N6.4 trillion tax revenue in the year, specifically, MTN Nigeria alone paid a total of N618.7 billion in direct and indirect taxes to the FIRS in the 2021 tax year, which represented approximately 13.5 per cent of the total FIRS collection for the year.
A statement at the weekend, which revealed this, observed that the telecommunications firm was recognised with two awards at the just concluded National Tax Dialogue event organised by the FIRS in Abuja.
MTN Nigeria was applauded as the most tax compliant organisation and a top 20 taxpayer in Nigeria for 2021.
The Chief Financial Officer (CFO), Modupe Kadri, who received the awards on behalf of the firm, stated: “I am delighted at our performance and recognition at this year’s National Tax Dialogue event. While the past 24 months have been challenging for our country and nations worldwide, we are committed to supporting the Federal Government’s ongoing Economic Growth Recovery Plan (EGRP).
“We will continue to invest heavily in network expansion with focus on expanding access to under-served communities. We also plan to connect an additional 2,000 rural communities in 2022.”
Also speaking, Minister of Finance, Budget and National Planning, Zainab Ahmed, had said the dialogue was to engage stakeholders in the Nigerian tax space in meaningful discourse to glean information, ideas and experience to aid policy formulation and improve the tax environment.
